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the issue of cash hoarding. Findings include that the size of hoarded currency in Germany, about 40 to 110 billion Euro in … 2009 according to recent estimates, may have reduced the size of the cash using underground economy in Germany, ceteris …
Persistent link: https://www.econbiz.de/10009515610
) aggregate. We identify reasonable and stable money demand relationships for Germany, France and Spain as well as the EMU-4 …
Persistent link: https://www.econbiz.de/10008858923
This paper explains and forecasts the demand for banknotes issued in Germany. For small and large denomination notes we …
Persistent link: https://www.econbiz.de/10011334993
Persistent link: https://www.econbiz.de/10010255792
Recently, the Bundesbank claimed that monetary targeting has become considerably more diffcult by the increased volatility of short-term money growth. The present paper investigates the impact of German money growth volatility on income velocity and money demand in view of Friedman's money...
Persistent link: https://www.econbiz.de/10009632601
France and Germany separately. Second, the predictive power of the core-ERM aggregate relative to French and German inflation …
Persistent link: https://www.econbiz.de/10014398759
, around 65% to 70% of the arithmetical volume of euro banknotes issued by the Bundesbank were in circulation outside Germany … in Germany, of which 25 percentage points were hoarded and 5 to 10 percentage points held for transaction purposes. The …
Persistent link: https://www.econbiz.de/10011731481
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